A new market for Australian lobster has opened after a trade deal between Australia and India passed the Australian parliament on Nov. 22.
This follows a trade war with Beijing that saw Lobster, and other commodities, fall to a grinding halt in 2020 after an investigation into the origins of COVID-19 was pursued by then Prime Minister Scott Morrison.
Under the India-Australia Economic Cooperation and Trade Agreement (ECTA), which was signed between the two countries on April 2 and ratified in the Australian parliament on Nov. 22, tariffs of up to 50 percent on 90 percent of Australia’s goods exports to India will be removed, these include seafood, meat, nuts, cotton and wool….
Source: The Epoch Times
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